Stocks bounce back

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Highlights: Stocks investor behaviour remains the same as the market goes up; they hurriedly move to park funds in junk stocks for quick gains like in the past After a dull time for many years, the capital market gained momentum as investors' participation increased and fresh funds poured in The DSEX rose to an all-time high of 7,410 points on 11 October but following sell pressures, the index has now fallen below the 7,000-mark Former BSEC chairman Faruq Ahmad Siddiqi suggested that, instead of being lured by quick gains, investors should study the fundamentals and track records for good returns Some worthless stocks made a lot of noise, luring in investors. Prices skyrocketed, much to the excitement of newcomers. Then the bad guys in the market sold those shares at a much higher profit, leaving the inexperienced investors high and dry. That's what happened in 1996, a turbulent year when many new investors suffered financial burnout. Some stocks with weak fundamentals in the capital market had become surprisingly

Stocks bounce back

Bangladesh’s stock market bounced back today after a two-day fall.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 68 points, or 1 per cent, to 6,868,

Turnover at the DSE fell to Tk 1,007 crore today, which was Tk 1,075 crore a day earlier.

At the DSE, stocks of 223 companies rose, 99 declined and 54 remained unchanged.

 

National Housing Finance topped the gainers’ list that rose 9.92 per cent followed by Sena Kalyan Insurance, AFC Agro Biotech, Golden Son, and Taufika Foods and Loveello Ice-cream.

Stocks of Beximco Ltd traded mostly that worth Tk 97 crore followed by Orion Pharmaceuticals, LafargeHolcim Bangladesh, Beximco Pharmaceuticals and Square Pharmaceuticals.

The other share market of the country, Chittagong Stock Exchange (CSE), also rose today.

 

The CASPI, the main index of the CSE, increased 229 points, or 1.15 per cent, to 20,097.

Among 266 traded stocks, 155 advanced, 85 fell and 26 remained the same.

 

 

 

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